CREDIT SUISSE: Here Are The 29 Best Growth Stocks In America

In a new report to clients, Credit Suisse's Andrew Garthwaite argues that growth stocks will outperform the market.

"Quality growth only tends to underperform if there is a sharp fall in junk bond yields (unlikely) or a sharp rise in economic indicators (we think only small rise is likely)," he writes.

Garthwaite and his team screened the market for the 29 best U.S. growth stocks based on analyst recommendations (they're all rated 'Outperform'), structural themes (e.g. industrial automation, energy efficiency), and the firm's HOLT model.

HOLT is the firm's proprietary valuation model that ranks stocks based on discounted cash flows. The stocks on this list have a HOLT score based on "% Change to Best Price," which is defined as "The percentage difference between the HOLT Default Forecast Warranted Value and the past week's closing share price. A high percentage upside improves the score."

The higher the percentage, the higher the growth potential for each selected stock.

Netsuite

Netsuite offers cloud-based business management software in addition to industry-specific solutions for over 12,000 companies. In 2011, the company was named the Best Financial Management Software by the Software & Information Industry Association.

Source: Credit Suisse

Volcano

Volcano Corp.

Ticker: VOLC

Sector: Medical Appliances & Equipment

Forward P/E: 62.6

P/B: 4.5

HOLT: -65.8 percent

Volcano Corp manufactures devices to aid in the facilitation of endovascular and cardiovascular procedures. The company combines imaging and therapy to provide optimal patient outcomes.

Starwood Hotels & Resorts

Starwood operates over 1,000 hotels and vacation resorts around the world, about half of which are located in North American and the Caribbean. The company's brand names include St. Regis and Westin.

Source: Credit Suisse

Starbucks

AP Images

Ticker: SBUX

Sector: Specialty Eateries

Forward P/E: 22.9

P/B: 8.6

HOLT: -39.1 percent

Starbucks serves millions of customers each day, with around 18,000 locations in 60 countries. The company offers over 30 blends of coffee, as well as other specialty beverages.

Source: Credit Suisse

Las Vegas Sands

Ticker: LVS

Sector: Resorts & Casinos

Forward P/E: 17.5

P/B: 4.3

HOLT: -38.7 percent

Las Vegas Sands develops destination properties around the globe. The company plans to issue a $0.35 dividend each quarter in 2013, up 40% from 2012.

Source: Credit Suisse

Family Dollar Stores

Ticker: FDO

Sector: Discount, Variety Stores

Forward P/E: 15.1

P/B: 5.9

HOLT: -35.8 percent

This discount store company has over 7,000 stores across the U.S. The firm plans to accelerate store growth and open 500 new locations in 2013.

Source: Credit Suisse

Yum! Brands

AP Images

Ticker: YUM

Sector: Restaurants

Forward P/E: 19.7

P/B: 18.2

HOLT: -31.5 percent

Yum! is the world's largest restaurant company in terms of system units. The company operates nearly 40,000 restaurants in over 120 countries with over 1 million employees. Popular chains include Pizza Hut and Taco Bell.

Source: Credit Suisse

VMware

Associated Press

Ticker: VMW

Sector: Technical & System Software

Forward P/E: 27.7

P/B: 7.9

HOLT: -23.3 percent

VMware is among the global leaders in cloud computing. The company currently has over 400,000 customers and reported revenues of $1.13 billion in 3Q 2012.

Dollar Tree

Dollar Tree provides a variety of merchandise, from books to candy, with prices that do not exceed $1. The company's net sales for 3Q 2012 were $1.72 billion.

Source: Credit Suisse

Rockwell Automation

Wikimedia Commons

Ticker: ROK

Sector: Industrial Electrical Equipment

Forward P/E: 13.6

P/B: 6.1

HOLT: -3.8 percent

Rockwell is the world's largest company dedicated to industrial automation. The firm offers information, migration, process, and safety solutions as well as a variety of other services to its industrial customers.

EMC Corporation

EMC Corp is a global leader in cloud computing. The company employs over 50,000 people worldwide and ranked 152 on the Fortune 500 in 2011.

Source: Credit Suisse

Qualcomm

Ticker: QCOM

Sector: Communication Equipment

Forward P/E: 14.3

P/B: 3.7

HOLT: +93.1 percent

Qualcomm, which bills itself as "the world leader in next generation mobile technologies" offers a variety of products, from semiconductors to pet trackers. The company is headquartered in San Diego, California.

Source: Credit Suisse

Broadcom

Ticker: BRCM

Sector: Semiconductor - Integrated Circuits

Forward P/E: 11.1

P/B: 2.6

HOLT: +110.3 percent

Broadcom offers semiconductors for both wired and wireless communications. The company holds over 10,000 patents and has another 7,500 patents pending.

Source: Credit Suisse

Are you more or less likely to buy a car than you were four years ago?